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Good news report from Canada

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20 January 2008

27 December was the 27th day of the sixth month of the 2nd year of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

27 December 2007

The Canadian Press - Saint John is Canada's happy place (27 December 2007) Saint John is the happiest city in Canada. The New Brunswick city was one of several Atlantic Canadian cities to score well in a satisfaction study conducted by the University of British Columbia (UBC). Saint John led the pack with a life satisfaction score of 8.6 out of 10, which makes it among the happiest cities not only in Canada, but the world, said John Helliwell, an economics professor at the UBC. 'Denmark is the highest country and runs about 8.1 or 8.2. Saint John is operating in pretty rarified territory, so something's going well,' he said. Quebec City placed second on the survey while Charlottetown, Prince Edward Island, was third. Moncton, New Bruswick, and Kitchener, Ontario, tied for fourth, while St. John's, Newfoundland, was sixth. Rounding out the Top 10, in order, were Saskatoon, Regina, Winnipeg, and Halifax. Mr. Helliwell said trusting others is important and those kind of connections are easier to make in smaller cities. Helliwell said he'd like to see a greater focus on this type of research when it comes to gauging the development of countries, as opposed to strict economic measures. 'We need to stop just looking at GDP per capita and look at the quality of people's lives.'

From a CBC News report on this: Helliwell said the findings suggest that cities with deep roots are happier places. 'It's really the extent to which people feel connected to each other, committed to each other and open,' he said.

The Canadian Press on the state of the economy (26 December 2007) Despite conceding some gathering clouds, ever since his 30 Oct. economic update, Finance Minister Jim Flaherty has been talking up the economy. The numbers do sound impressive. The second-longest expansion in Canadian history, unemployment at a 33-year low, wages rising at about double the inflation rate, runaway federal surpluses, a falling debt burden and low, stable inflation. And to top it all, the Canadian dollar's gravity-defying ascent.

From a National Post report: Finance Minister Flaherty said he's still sticking with the forecasts in his fall economic statement projecting only a modest slowdown in growth in 2008 to 2.4% from 2.5% this year and then a rebound in 2009 to 2.7%. Also, he questioned whether the actual growth in the Canadian economy is being underestimated, which he said may explain why government budget surpluses are being regularly and dramatically underestimated.

The Canadian Press - Economy expected to continue to soar in Western Canada in 2008 (26 December 2007) The boom that has radically transformed the economy of Western Canada will begin to alter the skylines of its cities in 2008. 'In Alberta, we're looking at C$200 billion of construction,' said Bruce Irvine, vice-president of development and retention for Calgary Economic Development. 'To find a similar level of activity you have to go to Dubai or Shanghai. 'It's world-scale.' In Calgary, an estimated C$24 billion is spread over 251 projects. Residential construction is roaring in the downtown. Alberta employers fanned out in November to Ontario to work a job fair to fill some of the estimated 400,000 new jobs in the West over the next two years.

The Edmonton Journal - Consumer confidence in Alberta on the rise (24 December 2007) In the latest survey by Leger Marketing for PriceWaterhouse Coopers, the aggregate index of Alberta consumer confidence rose to 114 in November from 112 in September, with scores above 100 indicating positive optimism. The confidence score for future household income hit 149, its highest level this year. And confidence in buying major household items was 155, compared to 148 in September. Meanwhile, the business sample's confidence in fiscal conditions rose to 120 from 103. Overall business confidence rose to 110 from 103 among the 403 members of the Edmonton and Calgary chambers of commerce who were surveyed.

The Globe and Mail on holiday spending and consumer outlook (27 December 2007) Retailers this year were buoyed by strong holiday sales over all. Holiday sales offer economists a glimpse of what to expect in the coming year, BMO Capital Markets senior economist Michael Gregory said. By all accounts, it appears 2007 was a robust holiday season for consumer spending, he said. The busiest shopping day of 2007 was 21 Dec., with Canadians spending nearly C$850 million on 15.6 million debit card transactions alone, according to the Interac Association, which processes the transactions. 'When you look at the aggregate numbers, the Canadian economy and consumer confidence continue to be strong,' Interac Association president Mark O'Connell said. Douglas Porter, deputy chief economist at BMO Capital Markets, expects consumer spending to rise by 3.7 per cent next year. Among factors that will keep the consumer going next year will be tax cuts, including a lower GST; reduced borrowing costs; a still relatively healthy housing market; and falling retail prices, Mr Porter said. 'I'm still relatively upbeat on the Canadian consumer and that's despite the many challenges that face the overall economy.'

The Toronto Star - Silver screen going green (22 December 2007) Filmport, a gargantuan new film studio complex in the former port lands of Toronto, is scheduled to open in March. If Filmport president Ken Ferguson has his way, the complex will be a leader in environmental sustainability for an industry known for the size of its carbon footprint. Filmport is a founding member of Green Screen, a Toronto film industry initiative recently approved for a grant of C$250,000 from the Ontario Media Development Corporation. The initiative will put together a best-practices guide to help film productions of all sizes learn how to reduce their carbon footprints as well as develop a certification process to recognize environmentally friendly projects.

The Canadian Press - Yellowknife looks to old mine for geothermal energy (26 December 2007) Yellowknife, capital of the North West Territories, is considering extracting a different kind of gold from a defunct mine—cheap, greenhouse gas-free energy to warm its buildings. Yellowknife will soon begin studying what could eventually become Canada's first large-scale geothermal heat plant. Yellowknife is ideally positioned to take advantage of geothermal energy, said Mory Ghomshei, a University of British Columbia engineering professor. Geothermal energy is heat created by pressure deep within the earth. Water in the bottom of the mine's shaft now simmers at up to 50 degrees. By pumping hot water up from the depths and capturing that heat before it's reinjected into the mine, Ghomshei's report estimates the mine could provide enough heat on a sustainable basis for about half of Yellowknife's 19,000 residents. Ghomshei is also working on projects with some deep mines in the Sudbury area.

The Globe and Mail on wind industry upbeat (27 December 2007) Canada's wind power industry is predicting a resurgence in 2008. The Canadian Wind Energy Association expects about 900 MW of new wind power will be up and running in 2008. What's more, 2,500 MW worth of new projects are under contract to be built in the coming years, and utilities in Quebec, Nova Scotia, New Brunswick, and Manitoba are expected to grant additional contracts in 2008. By 2015, Canada is expected to have about 14,000 MW of wind power in place, putting the nation among the world's top half-dozen wind players, according to Emerging Energy Research of Cambridge, Massachusetts, USA.

The Canadian Press - Manitoba to adopt California-like vehicle emission limits: Doer (27 December 2007) Manitoba will soon set down stringent new vehicle emission standards similar to those in California, Premier Gary Doer said. The limits will be part of his government's push to reduce greenhouse gas emissions to meet Kyoto targets. 'We are looking at it as part of Kyoto. It represents 33 per cent of our challenge,' Doer said. The aim is to cut the province's total greenhouse gas emissions of 20 megatonnes a year by roughly 11 per cent. Vehicle emissions represent about one-third of the total output. Quebec became the first province to commit to California-style emission standards earlier this month. The vehicle emission limits are part of Doer's overall plan for a greener province.

These are a few of the news reports reflecting Canada's rising invincibility from the growing Yogic Flying groups across Canada and the Invincible America Assembly at Maharishi University of Management and Maharishi Vedic City, USA.

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